Is Astronics Corp. overvalued or undervalued?

As of 6 May 2020, the valuation grade for Astronics Corp. has moved from fair to risky, indicating a shift in perception regarding its investment potential. The company is currently overvalued, as evidenced by its high P/E ratio of 192, which significantly exceeds the industry average. Additionally, the EV to EBITDA ratio stands at 37.24, further highlighting the premium investors are paying relative to earnings before interest, taxes, depreciation, and amortization.
In comparison to its peers, Astronics Corp. has a P/E ratio that is notably higher than Triumph Group, Inc. at 29.93 and Ducommun, Inc. at 29.48, both of which are classified as fair. The PEG ratio of 1.53 also suggests that the stock may not be justified at its current price level. Despite recent strong returns compared to the S&P 500, with a year-to-date return of 109.71% versus 2.44%, the underlying valuation metrics indicate that Astronics Corp. is overvalued in the current market context.